Not cool: Salvadorans scammed millions via ‘Chivo’ BTC wallet
El Salvador accumulated losses of up to $24 million of taxpayers' monies tied to the failure of the BTC digital wallet Chivo, while the adoption of BTC in the country remains nonexistent.
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Nayib Bukele’s BTC boondoggle: El Salvador experiment an epic fail
El Salvador’s president couldn’t make this year’s big BTC party in Miami because he’s (a) too busy suppressing free speech at home and (b) too embarrassed that none of his BTC projects have panned out.
Nayib Bukele, BTC, and El Salvador’s treasury—recipe for disaster?
Nayib Bukele believes that forcing people to accept and use BTC will lower El Salvador’s dependence on U.S. monetary policy, as the dollarization of the nation makes it heavily dependent upon USD.